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Exxon taxes, here we go again...

hypocritexposer

Well-known member
...do they(the Left) have to be re-educated every year on how taxes work?



According to the financial site NerdWallet, the 10 most profitable U.S. companies paid an average federal tax rate of just 9 percent last year. The group includes heavyweights Exxon Mobil, Apple, Microsoft, JPMorgan Chase and General Electric. (Hat tip: Barry Ritholtz.)

Some of these companies paid more than 9 percent -- JPMorgan earned $26.7 billion in 2011, for example, and paid $3.7 billion of it, or 14 percent, to the federal government -- and some paid less, like Exxon Mobil, which only sent 2 percent of its $73.3 billion earnings to the IRS.

http://www.huffingtonpost.com/2012/08/06/most-profitable-corporations-tax-rate_n_1746817.html
 
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